17+ Philip Pilkington Quotes for Economic Enthusiasts on Macroeconomics and Financial Markets

Philip Pilkington is an economist and writer known for his expertise in macroeconomics and financial markets. With a strong background in economics and extensive research experience, Pilkington has delved into the complexities of economic systems and their impact on society. His work focuses on understanding the interplay between monetary policy, financial institutions, and economic growth. Following is our collection on famous quotes by Philip Pilkington on education, slavery, government.

College degrees becoming increasingly worthless. This will only get worse. Why are we wasting money and resources on this? Fake degrees remove 3-5 labour years from market and cost public money spent on pointless edubureacracies. — Philip Pilkington

Europe were promised LNG by the US after cutting Russian buying. They were lied to. Electoral politics more important than a core ally. Biden pulls the LNG terminals even though Qatari LNG has to take the long route due to Red Sea attacks. Europe look like complete clowns. — Philip Pilkington

NATO is about to lose a war - a real war, not a glorified policing operation - and everyone knows it. Its ammo stockpiles are empty and its European members are broke. Its senior personnel are discredited. The US are sick of it. And Trump has said he’s willing to pull the plug. — Philip Pilkington

Small to medium sized enterprises make up over 60% of employment in the UK. It wouldn’t be crazy to imagine half shutting down as they’re bankrupted by energy costs. People need to get serious of what a true economic collapse would look like. It ain’t like a simple recession. — Philip Pilkington

It can’t be stressed enough: Western total fertility numbers cannot be trusted. We’re still counting Boomer/Gen X fertility rates even though they’ve long stopped reproducing. The millennials/Gen Z are effectively barren. Huge demographic collapse inbound. — Philip Pilkington

I don't want to have World War III, and I don't wanna be really poor. — Philip Pilkington

The new line is that, yes, totally out-of-control migration is with us forever; yes, it is leading to social breakdown and chaos in Europe; but if we adopt ‘new ideas’ everything is going to be just fine. Historians will look back and laugh, won’t they? — Philip Pilkington

Ireland added around 2.75% to its population this year through immigration - in a single year. That means that 1 in every 36 people you see is a new arrival. You need not be particularly anti-immigration to recognise that’s an enormous number. — Philip Pilkington

Food price inflation is running at 13% in Ireland. The people creating policy are laughably unserious. The government is borrowing money to give to farmers to destroy the food supply. This is Robert Mugabe economic policy. — Philip Pilkington

Now that the Nordstream pipelines are gone it's worth thinking about how a deindustrialisation of Europe via permantly high energy prices. — Philip Pilkington

Europe is in serious decline and Europeans know it. This is our Brezhnev era. We all know things aren’t getting better. That is why our leaders distract themselves with increasingly destructive and dangerous war fantasies. — Philip Pilkington

Everyone tut tuts about the problem of homelessness. Many assume the cause is a lack of homes. Its not. The reason we have so many homeless is we decided to throw the mentally ill on the streets in the 1970s and 1980s - and no one wants to discuss it. — Philip Pilkington

Western airlines cannot compete with Chinese because the latter can fly over Russia. Sanctioning large amounts of the world’s total landmass has economic costs. — Philip Pilkington

You can’t magic a new security agreement into existence. It needs to be backed with everything from treaties to funding to general strategy. Europe needs a new security architecture. That will not be produced by NATO bureaucrats worried mainly about their next paycheck. — Philip Pilkington

Its completely possible that the present inflation is largely stuck now because of wage-price dynamics, especially in services, and will only come down in a recession. — Philip Pilkington

Feels increasingly like a war is coming. A real one. — Philip Pilkington

Deindustrialisation in Europe now impossible to ignore. Energy-intensive industry hit as badly as it was during the lockdowns. — Philip Pilkington

Life Lessons by Philip Pilkington

1. The importance of questioning mainstream economic narratives. Pilkington encourages critical thinking and challenges conventional wisdom, highlighting the need to explore alternative perspectives and question established theories. This is very well presented in his book The Reformation in Economics: A Deconstruction and Reconstruction of Economic Theory.
2. Recognizing the role of financial systems in shaping economic outcomes. Pilkington's research emphasizes the intricate relationship between financial markets, monetary policy, and economic stability, underscoring the significance of understanding these dynamics for informed decision-making.
3. Embracing interdisciplinary approaches. Pilkington's work often bridges economics with other disciplines, such as philosophy and sociology, showcasing the value of interdisciplinary thinking in gaining a holistic understanding of complex economic phenomena.